GOODWILL INDUSTRIES OF NORTHEAST INDIANA INC (EIN 351905018) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

KEVIN MORSE

Phone

2604787617

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF NORTHEAST INDIANA INC, founded in 1993, is a mid-sized nonprofit in the Employment sector that reported $12.5M in total revenue in fiscal year 2024.

Mission

GOODWILL INDUSTRIES OF NORTHEAST INDIANA, INC. EMPOWERS AND PREPARES PEOPLE FOR INDEPENDENCE THROUGH TRAINING, PERSONAL GROWTH AND WORK.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,855,593

Program Service Revenue $0

Investment Income $17,111

Other Revenue $3,672,203

TOTAL REVENUE $12,544,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,335,700

Fundraising Expenses $9,826

Program Expenses $12,605,482

Other Expenses $4,364,476

TOTAL EXPENSES $13,700,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,544,907	$12,881,189	0.0%
Expenses	$13,700,176	$13,902,698	0.0%
Net Income	$-1,155,269	$-1,021,509	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

371

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$156,572

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MORSE	PRESIDENT &	40.00	Officer	$118,300	$38,272	$156,572
DOUG BARROW	CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA BEBER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICHOLAS ELKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY HOCHSTETLER	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN ZACHER	IMMEDIATE PA	1.00	Director	$0	$0	$0
ROBERT LEE	DIRECTOR	1.00	Director	$0	$0	$0
LATASHA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RANDY RUSK	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MANGES	DIRECTOR	1.00	Director	$0	$0	$0
TODD NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD WELLING	DIRECTOR	1.00	Director	$0	$0	$0
WIL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
STAN BIEBERICH	DIRECTOR	1.00	Director	$0	$0	$0
CHAD GLASSBURN	DIRECTOR	1.00	Director	$0	$0	$0
MATT HENRY	DIRECTOR	1.00	Director	$0	$0	$0
ALISON PODIASKI-WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY TIPTON	DIRECTOR	1.00	Director	$0	$0	$0
LUKE LABAS	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$12,544,907	$13,700,176	$9,524,025	$-1,155,269
2023	$12,881,189	$13,902,698	$11,212,464	$-1,021,509
2022	$12,603,873	$12,831,950	$12,355,437	$-228,077
2021	$12,648,160	$11,145,536	$6,760,051	$1,502,624
2020	$9,556,395	$10,040,718	$6,512,887	$-484,323
2019	$10,042,134	$9,673,119	$5,936,567	$369,015

GOODWILL INDUSTRIES OF NORTHEAST INDIANA INC